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11.Based on the past information only, _____ form market efficiency states that no investor will earn a higher abnormal return than the market on average.

11.Based on the past information only, _____ form market efficiency states that no investor will earn a higher abnormal return than the market on average.

A) weak. B) semi-strong.C) strong.D) super.

12._____yield curve is formed when the short-term interest rate is greater than the long-term interest rate.

A) Normal. B) Inverted.C) Flat.D) Humped.

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